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Print this pageForward this document  What's new for T1/T3/T5013 Internet version 23.30?

The latest DT Max program update is now available for downloading. It features the T1/TP-1 program for the tax years 2009 to 2019 inclusively as well as the 2020 planner, in addition to fully supporting T1/TP1 EFILE.

Version 23.30 also features the T3/TP-646 program for tax years ending from 2009 to 2020 inclusively (keeping in mind that the 2020 tax returns for trusts prepared with this version will be using the 2019 tax forms).

Finally, version 23.30 features the fully functional T5013 program for paper and electronic filing of the Partnership Information Return (T5013 forms) for fiscal periods ending in 2020.

Please note that all program versions are made available on the Internet.

In this version...

For all DT Max programs

  1. Implementation of announced tax changes
  2. 2020 Planner Standard Caveat
  3. Separate PDF file for each form

For DT Max T1 & T3

  1. Measures regarding tax filing and tax payment deadlines adopted by federal and Quebec jurisdictions in light of the current COVID-19 pandemic
  2. Deferral of the Manitoba retail sales tax rate reduction

DT Max T1

  1. Version highlights
    1. Client suggestions implemented in version 23.30
      1. Ability to indicate the name of the person who completed the T1135, T1141 and T1142 forms
      2. Ability to calculate the discount on the additional refund (RC71) before filing the return
    2. Bold type now used by the software to complete CRA forms
    3. Two checklists added for tax return purposes
    4. Enhanced basic personal amount for 2020 and later years
    5. 2020 Quebec budget: Changes affecting the refundable tax credit for natural caregivers
    6. 2020 British Columbia budget: New tax bracket for the highest incomes
    7. Nova Scotia child benefit increase effective July 2020
  2. Notes
    1. Deceased or bankrupt taxpayers
    2. Printing prescribed forms for 2020 returns
      1. Quebec
      2. Federal
  3. Revised forms
  4. New keywords
  5. Deleted keywords
  6. New options

DT Max T3

  1. Version highlights
    1. Known issues fixed in version 23.30
      1. DT Max T3 is incorrectly allocating the interest income to beneficiaries
      2. DT Max T3 is incorrectly calculating the Quebec dividend tax credit for 2020
    2. New Graduated rate estate election (losses) - 164(6) Election form
    3. New Quebec form TP-1026.F, Calculation of Instalment Payments to Be Made by Trusts
  2. New forms
  3. Revised forms
  4. New keywords
  5. New options
  6. Revised options
  7. Deleted options

DT Max T5013

  1. Measures regarding tax filing deadlines adopted by the federal and Quebec jurisdictions in light of the current COVID-19 pandemic
  2. Version highlights
    1. New in-house form Additional slip information
    2. Capital expenses removed from federal SR&ED forms
  3. New forms
  4. Revised forms
  5. New keywords
  6. Deleted keywords
  7. Deleted options
  8. New diagnostics
    1. Notes and diagnostics

 

For all DT Max programs

  1. Implementation of announced tax changes

    Since our last release, the following budgets were announced:

    Federal - Postponed
    Alberta - February 27, 2020
    British Columbia - February 18, 2020
    Manitoba - March 19, 2020
    New Brunswick - March 10, 2020
    Newfoundland & Labrador - Postponed
    Northwest Territories - February 25, 2020
    Nova Scotia - February 25, 2020
    Nunavut - February 19, 2020
    Ontario - Postponed
    Prince Edward Island - June 17, 2020
    Quebec - March 10, 2020
    Saskatchewan - March 18, 2020
    Yukon - March 5, 2020

    At the time of writing, the majority of the above-mentioned budget speeches were tabled in their respective legislatures.

    The 2020 DT Max tax planner takes into consideration the basic tax changes announced in each budget, allowing you for more effective planning opportunities, as well as the ability to perform cost projection calculations.

    Please refer to these topics from our knowledge base for a detailed review of the tax changes implemented:

  2. 2020 Planner Standard Caveat

    We would like to remind our users that the planner is equipped with the most recent information available at the time of our production process.

    This information includes the 2020 tax rates and the 2019 non-refundable tax credits and tax brackets indexed to reflect the 2020 amounts.

    In some cases, instead of an indexation factor, we have implemented the amounts prescribed by the taxing jurisdiction depending on the availability of the information.

    However, please note that due to various factors beyond our control, certain new tax measures are not included in our planner version. Should you require a precise projection (rather than an estimate) of your client's 2020 tax liability, we strongly suggest that you review our planner's results with care.

  3. Separate PDF file for each form

    It is now possible to generate a separate PDF file for each form that you select in the Forms printing window. This new feature will work with both forms from a client's tax return as well as any blank forms that you display. See Export or email tax return pages for more information.

For DT Max T1 & T3

  1. Measures regarding tax filing and tax payment deadlines adopted by federal and Quebec jurisdictions in light of the current COVID-19 pandemic

    Due to the exceptional and unforeseen social and economic impact of the current COVID-19 pandemic and in order to accommodate the taxpayers, the following jurisdictions have adopted measures to extend their deadlines for tax filing and the payment of tax owing, when applicable.

    Federal

    The CRA has extended its filing and payment deadlines. Please click the links below for details.

    Quebec

    Likewise, Revenu Québec has extended its deadlines regarding tax filing and the payment of tax owing. Click the links below for more information.

  2. Deferral of the Manitoba retail sales tax rate reduction

    The Manitoba 2020-21 budget had announced a reduction of its retail sales tax rate, from 7% to 6%. However, this reduction that was to become effective on July 1, 2020, has been deferred until further notice.

DT Max T1

  1. Version highlights

    1. Client suggestions implemented in version 23.30

      1. Ability to indicate the name of the person who completed the T1135, T1141 and T1142 forms

        As per the instructions in the Certification section of form T1135, Foreign Income Verification Statement, if a person other than the taxpayer or the partnership has completed this form, that person's information should be provided.

        Previously, DT Max automatically filled out the Certification section with the preparer's information. However, some preparers mention that they are only offering the EFILE service using the information from form T1135 which has already been completed by the taxpayer himself or by another preparer. These customers wish to be able to indicate the person who completed the form.

        The same goes for forms T1141 and T1142.

        As of 2020, if forms T1135, T1141 and T1142 have been completed by the taxpayer himself or by another preparer, please select the appropriate option in the new keyword Completed-by keyword added to the Foreign-Info keyword group.

      2. Ability to calculate the discount on the additional refund (RC71) before filing the return

        As per the instructions in the Guide for Discounters (T4163), if the client provides new information that modifies their return before the discounter has filed it, the latter must prepare another form RC71 to calculate the discount as per the new information and to pay the customer. The amount in box A must reflect only the amount of the additional refund.

        However, the first discounted refund must be taken into account when calculating the discount on the additional refund, since the two amounts relate to the same taxation year. If the first discounted refund was $300 or more, the discounter should therefore pay the client 95% of the additional refund.

        However, when efiling the income tax return, the total amount displayed on the two RC71 forms must be transmitted.

        Customers have suggested that the software support this process so that they can discount the additional refund according to government guidelines.

        From 2020, DT Max will support multiple discount transactions. To do this, the software now includes three versions of form RC71 and the following changes have been made:

        1. Discounting the first refund

          • Form "RC71 - Discount transaction"

            • As in the past, this form will be used for efiling.

            • Box A of this form corresponds to the current refund calculated on line 48400 of the federal return.

            • As in the past, if the tax return or this form is printed, DT Max assumes that the refund is discounted and the information on this form will be transferred to the keyword group Progress with the option "RC71 - Discounting transaction - printed".

            • For the purposes of multiple discounting, additional information will be transferred in 2020 and new keywords have therefore been added in the Progress group for the option "RC71 - Discounting transaction - printed". Please refer to the New keywords section to learn more.

        2. Discounting the additional refund

          • Form "RC71 - Discount transaction"

            • As in the past, this form will be used for efiling.

            • Box A of this form corresponds to the current refund calculated on line 48400 of the federal tax return (which therefore includes the additional refund).

          • Form "RC71 - Additional refund"

            • It is a version that is identical to the official RC71 form, but the information on this form is not included in the electronic transmission.

            • It is this form that you must have the customer sign to discount the additional refund.

            • This form will only be generated if changes have been added to the return, the reimbursement has been increased and you wish to discount this additional refund.

            • Box A of this form corresponds to the additional refund.

            • If the tax return is printed again or if this form is printed, DT Max assumes that the additional refund is discounted and the information in this form will be transferred to a new Progress keyword group with the option "RC71 - Discounting transaction - printed ".

          • Form "RC71 - Previous discounting"

            • It is a version that is identical to the official RC71 form, but the information on this form is not included in the electronic transmission.

            • This form will only be generated if changes have been added to the return and the current result differs from the discounted amount.

            • The information on this form corresponds to that contained in the keyword group Progress with the option "RC71 - Discounting transaction - printed".

            • This form is generated for information purposes only.

        Please refer to the document Preparing a Statement of Discounting Transaction in the DT Max help directory to learn about the process.

    2. Bold type now used by the software to complete CRA forms

      As requested by the CRA, all lines completed by the software must be in bold type on federal and provincial CRA forms, starting with the 2020 taxation year.

    3. Two checklists added for tax return purposes

      Given the variety of deductions and tax credits that can be claimed when filing a tax return, many individuals do not know what amounts they could be eligible for.

      To help preparers and individuals, starting in 2020, the program will generate the following two checklists that can be used as reminders:

      • Checklist - General

      • Checklist - Medical expenses

      These two checklists help avoid potential oversights in tax returns.

      By default, these two checklists will be automatically generated in the file of each individual for whom a return is calculated in the software. If necessary, use the keyword CheckList to control the display of these lists.

    4. Enhanced basic personal amount for 2020 and later years

      The basic personal amount (BPA) is $12,069 for 2019, increased by indexation to $12,298 for 2020. On December 9, 2019, the government announced an increase to the BPA for 2020 and later years. An additional amount will be added to the BPA, progressively increasing the amount to $15,000 by 2023. For 2020, the additional amount of BPA is $931, for a total BPA of $13,229.

      The additional amount of BPA is gradually reduced when income is greater than the bottom of the fourth tax bracket of $150,473 (in 2020). The proposed legislation also provides for increases to the spousal and eligible dependant amount tax credits.

      An in-house workchart for line 30000 is added to calculate the enhanced basic personal amount.

    5. 2020 Quebec budget: Changes affecting the refundable tax credit for natural caregivers

      As of 2020, the four existing components of the tax credit for caregivers will be replaced by the following two components:

      • Component 1: Caregiver providing care to a person aged 18 or older who has a severe and prolonged impairment and needs assistance in carrying out a basic activity of daily living (including the spouse).

        This component includes non-reducible universal assistance of $1,250 (in the case of cohabitation) and additional reducible assistance of $1,250 (without the cohabitation requirement). In other words, a caregiver who lives with the carereceiver will be entitled to both amounts. A caregiver who does not live with the carereceiver will only be entitled to the reducible amount of $1,250.

        To claim the credit under Part 1, it is now mandatory to use the keyword Needs-DailyAssist in the keyword group Infirmity in the dependant's file to indicate whether the criterion is met and if there is cohabitation. New options have been added to this keyword. Please refer to the New options section for details. Please note that following the credit modifications for component 1, the keyword UNABLELIVEALONE becomes obsolete and has been removed from the keyword group Infirmity .

      • Component 2: Caregiver supporting or co-residing with a relative aged 70 or over.

        This component includes universal non-reducible tax assistance of $1,250 (with the cohabitation requirement). For the purposes of component 2, the eligible carereceiver cannot include the caregiver's spouse.

    6. 2020 British Columbia budget: New tax bracket for the highest incomes

      The Government of British Columbia introduced a new tax bracket for the highest earners in its February 18, 2020 budget, effective for 2020 and subsequent taxation years.

      Taxable income over $220,000 will be taxed at the new rate of 20.5%. In addition, the charitable donation tax credit for individuals is also increased to 20.5% for charitable donations over $200 to the extent that the individual has taxable income which is taxed at the new British Columbia top 20.5% tax rate.

    7. Nova Scotia child benefit increase effective July 2020

      In June 29, 2020, the Nova Scotia government announced that, effective July 2020, the amount for the first child is increased from $625 to $925 annually for all eligible families.

      The first monthly payment will be issued July 20, in combination with the federal government's increase to the Canada Child Benefit payment. Families do not have to apply.

      This increase will be included in our estimates of the child benefit for the period from July 2021 to June 2022 which are calculated with the 2020 income tax return.

      Note however that this increase will not be included in our estimates of the child benefit for the period from July 2020 to June 2021 which are calculated with the 2019 income tax return.

  2. Notes

    1. Deceased or bankrupt taxpayers

      Although the tax planner might not be appropriate to prepare 2020 income tax returns for living taxpayers, it may be used legally to prepare returns on behalf of deceased or bankrupt taxpayers. Pursuant to DT Max's calculations, tax plans will appear as preliminary updates of tax forms for the new tax year. However, the returns of deceased or bankrupt taxpayers will be displayed on approved forms from the prior tax year, in conformity with the government's instructions.

      For more details, please consult the following "in-house" documents from the knowledge base: Preparing the return of a deceased taxpayer and Preparing a bankruptcy return.

    2. Printing prescribed forms for 2020 returns

      Year after year, there is a certain level of confusion among tax preparers in regard to the forms' versions. Administrative policies differ from one level of government to the other as for the validity of the prescribed forms. DT Max was programmed in accordance with these administrative policies.

      1. Quebec

        When a 2020 tax return is produced before the official annual forms are made available, depending on whether the Quebec form is prescribed or not, the year that is printed may be 2019 or 2020. Even though the system's calculation engine is calibrated for tax year 2020, only a complete paper certification process (performed in the fall) allows the preparers to use the 2020 prescribed forms.

      2. Federal

        On all federal forms, the year is changed to 2020.

  3. Revised forms

    Federal

    • Worksheet for the return - Line 30000 - Basic personal amount

      A new worksheet for line 30000 has been added to calculate the basic personal amount which can vary between $12,298 and $13,229 depending on the individual's net income.

    • Schedule 5 - Amounts for Spouse or Common-Law Partner and Dependants

      Since the basic personal amount on line 30000 of the individual's federal return can vary between $12,298 and $13,229 depending on his net income, it is now the amount from this line that will be used as basic amounts to calculate the eligible spouse and dependent amounts.

    Provincial

    • AB(S11) - Provincial Tuition and Education Amounts

      The tuition and education amounts are reduced to $0, due to the elimination of these credits for the 2020 and subsequent taxation years. Only unused amounts from years prior to 2020 remain available to be claimed in 2020 and in subsequent taxation years.

    • SK428 - Saskatchewan Tax and Credits

      Lines 58315 and 58316 were added following the introduction in 2020 of the volunteer firefighters' amount and the search and rescue volunteers' amount.

    • BC428 - British Columbia Tax and Credits

      A seventh column was added to the table in Part B to calculate tax on taxable income over $220,000 at the new rate of 20.5%.

      In addition, a new line 37 has been added to calculate the charitable donation tax credit at the new rate of 20.5% for charitable donations over $200 to the extent that taxable income is taxed at this new tax rate.

    • Worksheet BC428

      Worksheet for lines 36 and 37 - Donations and gifts

      A new worksheet has been added to calculate the charitable donation tax credit.

  4. New keywords

    1. In the keyword group Foreign-Info pertaining to federal forms T1135, T1141 and T1142, the following keyword has been added:

      1. Completed-by : Select who completed the Form

    2. In the keyword group Volunteer , pertaining to the volunteer firefighters' amount and the search and rescue volunteers' amount, the following keyword has been added for residents of Saskatchewan:

      1. PROV-VOLUNTEER : The taxpayer is eligible to the volunteer firefighters' or search and rescue volunteers amount [L.58315/L.58316]

        By default, the program grants the credit at the provincial level if the corresponding federal credit is claimed. If applicable, use this keyword to remove the provincial amount if the individual is eligible only for the federal credit.

    3. In the Progress group, when the option "RC71 - Discounting transaction - printed" is selected:

      1. RC71-Add-Info : RC71 - Additional information - after the tax return was filed

      2. Minimum-First : RC71 Box B i) - Payment on the first $300 of the refund

      3. Minimum-Remaining : RC71 Box B ii) - Payment on the remaining part

      4. AmountOwedToClient : RC71 Box C - Amount owed to the client by the discounter (line 65070)

      5. RC71-Taxes : RC71 Box D - GST, HST, PST, QST or RST

      6. Disc-Name-Box11 : RC71 Box 11 - Discounter's name

      7. Disc-Date-Box13 : RC71 Box 13 - Date the representative signed this form

      8. Disc-Date-Box14 : RC71 Box 14 - Date of client certification (line 65090)

      9. Disc-LocationBox17 : RC71 Box 17 - Location of client certification

    4. In the SmartStart section entitled "Tuition and education amounts", the following keyword has been added:

      1. CTC-Account : Canada training credit limit at the beginning of the year

    5. In the SmartStart section entitled "Print and display", the following keywords have been added:

      1. CheckList : Generate the DT Max checklist (yes/no)

      2. List-General : Generate the global checklist (yes/no)

      3. List-Medical : Medical expenses checklist (yes/no)

    6. In the SmartStart section entitled "Personal information", the following keyword has been added:

      1. Initials : Initials of client

  5. Deleted keywords

    1. As a result of the changes affecting the Quebec tax credit for caregivers, the following keyword is deleted from the keyword group Infirmity :

      1. UNABLELIVEALONE: The person is unable to live alone (certified by a physician) (Schedule H, Part B)

    2. Tuition fees paid in 2017 and 2018 could be claimed in 2019 due to the reinstatement of the tuition tax credit in the province of New Brunswick in 2019. The following keyword which had been added in 2019 in the Tuition-Edu keyword group is therefore deleted in 2020 since it has become obsolete:

      1. TUITIONPAID-17-18: Eligible New Brunswick tuition fees paid for 2017 and 2018

  6. New options

    1. For the keyword Needs-DailyAssist in the Infirmity group, pertaining to the Quebec tax credit for caregivers:

      Needs daily assistance - cohabits
      Needs daily assistance - does not cohabit
      Not eligible

    2. For the keywords CheckList , List-General and List-Medical , regarding the display of two new DT Max checklists:

      Generate
      Do not generate
      Do not generate for all family members

    3. For the keyword Completed-by in the Foreign-Info group, pertaining to federal forms T1135, T1141 and T1142:

      Form completed by the taxpayer
      Form completed by the tax preparer - default
      Form completed by the tax preparer - main address
      Form completed by the tax preparer - alternate address
      Form completed by another person (specify)

DT Max T3

  1. Version highlights

    1. Known issues fixed in version 23.30

      1. DT Max T3 is incorrectly allocating the interest income to beneficiaries

        The interest income coming from the keyword LinkNotes-Interest within the T5 T-Slip group was reported on Schedule 8 and the Trust Income Tax Return. However, it was not reported on the Allocation of Expenses form and, as such, was not being allocated to the beneficiaries. This issue has been fixed in version 23.30 of DT Max.

      2. DT Max T3 is incorrectly calculating the Quebec dividend tax credit for 2020

        For 2020, the Quebec dividend tax credit on TP-646 line 125 and on the RL-16 box J was incorrectly calculated. This issue arose from the inversion of the 2019 and 2020 actual amounts of eligible dividends on the Allocation of Expenses form. The same issue applied to the 2019 and 2020 actual amounts of ordinary dividends. This issue has been fixed in version 23.30 of DT Max.

    2. New Graduated rate estate election (losses) - 164(6) Election form

      If an election under 164(6) for graduated rate estates is being made, a new in-house form will be generated providing the following information:

      • the identification of the trust,

      • the amount of the capital loss elected to be a capital loss of the deceased person, and

      • the amount of the terminal loss elected to be deductible in computing the income of the deceased person.

      This form should be signed by the authorized person and attached to the T3 return.

    3. New Quebec form TP-1026.F, Calculation of Instalment Payments to Be Made by Trusts

      As a rule, Revenu Québec will send form TPZ-1026.F to the trusts to inform them of the amount of the instalments they must pay. If the trust does not receive this form, it has the responsibility to determine whether it is required to make instalments.

      Form TP-1026.F will now be generated instead of the in-house Quebec Instalments Workchart when using the "Prior year instalment" option or the "Current year instalment" option. However, keep in mind that this form uses estimates from the prior year unless otherwise specified and should be carefully reviewed to avoid possible interest payments.

  2. New forms

    Quebec

    • TP-1026.F - Calculation of Instalment Payments to Be Made by Trusts - 2021

    In-house forms

    • Graduated rate estate election (losses) - 164(6) Election

  3. Revised forms

    Federal

    2020 tax rates and brackets now visible/printable on the following forms:

    • Schedule 11 - Federal Income Tax

    • T3AB - Alberta Tax

    • T3BC - British Columbia Tax

    • T3MB - Manitoba Tax

    • T3NB - New Brunswick Tax

    • T3NL - Newfoundland and Labrador Tax

    • T3NT - Northwest Territories Tax

    • T3NU - Nunavut Tax

    • T3ON - Ontario Tax

    • T3SK - Saskatchewan Tax

    • T3YT - Yukon Tax

    • T3MJ - T3 Provincial and Territorial Taxes for 2019 - Multiple Jurisdictions

    In-house

    • Assembly instructions

      New check box under "Authorized person should sign the following" section for the form Graduated rate estate election (losses) - Election 164(6).

    • Client invoice

      The following new forms were added to the billing menu:

      • TP-1026.F - Calculation of Instalment Payments to Be Made by Trusts - 2021

      • Graduated rate estate election (losses) - Election 164(6)

    • Client letter

      New paragraph referring to the signature requirement for the subsection 164(6) Election.

    • Specified investment flow-through (SIFT) trust income and distribution tax calculations

      Two new lines, 4a and 4b, have been added to the Chart - Non-deductible distributions amount.

  4. New keywords

    1. In the keyword group Instal-Paid , pertaining to the new Quebec form TP-1026.F:

      1. Estimated-Amounts : Estimated amounts for the calculation of instalment payments

        Use the keyword Estimated-Amounts when applying the current-year method to calculate instalment payments. Under this method, the instalment payments will be calculated on the current year's income, deductions, income tax source deductions and refundable tax credits.

        If you anticipate changes in the client's income or deductions for the following year, use this keyword to enter estimates and to override any existing data on form TP-1026.F.

  5. New options

    1. For the new keyword Estimated-Amounts , pertaining to the new Quebec form TP-1026.F:

      Income tax payable (Q135, Q138 and Q150.1)
      Tax payable on income-averaging annuity for artists (Q136)
      Total income tax withheld (Q152)
      Tax credit for an on-the-job training period (Q154)
      Tax credit for tax paid by an environmental trust (Q156)
      Tax credit for the reporting of tips (Q156)
      Tax credit for SR&ED (Q153)
      Tax credit for income averaging annuity for artists (Q156)
      Other tax credits and other amounts deductible (Q156)

    2. For the keywords Program-Pymt-A and DeferredIncome , pertaining to the federal form AgriStability and AgriInvest - 2020 Statement A... :

      407 Private hail insurance
      681 Private insurance proceeds for replacement of allowable commodities

    3. For the keyword Crop-Inventory$ , also pertaining to the federal form AgriStability and AgriInvest - 2020 Statement A... :

      7103 Perennials, 2.5 gallon, indoor
      7140 Perennials, 7 gallon, field/container
      7142 Perennials, 10 gallon, field/container
      7144 Perennials, 15 gallon, field/container
      7146 Perennials, 25 gallon, field/container
      7148 Perennials, 30 gallon, field/container

    4. For the keyword Letter-Data , pertaining to the client letter:

      %100 Preferred beneficiary election [0=No, 1=Yes]
      %101 164(6) election form [0=No, 1=Yes]

  6. Revised options

    1. In certain situations, a real estate property within a trust may be considered non-depreciable, henceforth the option for the Type.cg keyword pertaining to the type of real estate property entered within the CapitalProp keyword group has been more clearly defined to include such property:

      Land, non-depreciable real estate

  7. Deleted options

    1. For the keyword Program-Pymt-A and DeferredIncome , pertaining to the federal form Agristability and Agriinvest - 2020 Statement A... :

      624 Canada-British Columbia Excess Moisture Initiative
      625 Canada-BC Feed Assistance and Pasture Restoration Initiative

DT Max T5013

  1. Measures regarding tax filing deadlines adopted by the federal and Quebec jurisdictions in light of the current COVID-19 pandemic

    Due to the exceptional and unforeseen social and economic impact of the current COVID-19 pandemic and in order to accommodate the taxpayers, the following jurisdictions have adopted measures to extend their deadlines for tax filing when applicable.

    Federal

    The CRA has extended its filing deadlines. Please click the link below for details.

    Quebec

    Revenu Québec has also extended its deadlines regarding tax filing. Click the link below for more information.

  2. Version highlights

    1. New in-house form Additional slip information

      Use the new form Additional slip information to provide partners information required to complete their tax returns that is not provided on their T5013 or RL-15 slips.

      This would occur in the following circumstances:

      • Split income: Use the keyword Split-Income in the Partners group to enter this information on the new form.

      • Exempt Indian income: Use the keyword Indian-Exempt in the Partners group to enter this information on the new form.

      • Capital gains reserves eligible for the exemption (date of disposition): Use the keyword Disp-Date.r in the CapGain-Reserve group to enter this information on the new form.

      • Yukon carbon tax rebate: Use the keyword CarbonRebate in the CCA-Class group.

    2. Capital expenses removed from federal SR&ED forms

      Capital expenses, applicable to fiscal years ending before 2014, have been removed from federal forms T661, Scientific Research and Experimental Development (SR&ED) Expenditures Claim, and T1145, Agreement to Allocate Assistance for SR&ED Between Persons Not Dealing at Arm's Length.

      Also, line 758 for overhead was added in Part 6, Project costs, if the traditional method is used. This entry is mandatory for year ends after 2019. Line 758 is entered with the keyword Overhead.p in the SR&EDProject group.

  3. New forms

    In-house

    • Additional slip information

  4. Revised forms

    Federal

    • T661 - Scientific Research and Experimental Development (SR&ED) Expenditures Claim

    • T1145 - Agreement to Allocate Assistance for SR&ED Between Persons Not Dealing at Arm's Length

    In-house

    • Summary of T1145 - SR&ED assistance transfer agreements

  5. New keywords

    1. In the CCA-Class group, pertaining to the Yukon carbon price rebate on the Additional slip information form:

      1. CarbonRebate : Whether this asset is eligible for the carbon rebate

        Use the keyword CarbonRebate to indicate if the asset is eligible for the Yukon government carbon price rebate for businesses.

        Partners can claim this rebate for the portion of the year that meets all of the following conditions:

        • The partnership or the partner did not and will not receive a carbon tax rebate for the fiscal year for certain mining businesses

        • The partnership had assets that burned fossil fuels, other than diesel

        • The partnership or the partner did not and will not receive a carbon tax rebate for the fiscal year for certain mining businesses.

        This refundable income tax credit is based on the undepreciated capital cost (UCC) of assets used by the partnership, as shown on Schedule 8. There are 3 asset categories.

        • category 1: buildings

        • category 2: equipment that burns fossil fuels

        • category 3: "green" assets, designed to consume non-fossil fuels

        Eligible Yukon asset

        An eligible Yukon asset is a property that meets all the following conditions:

        • It is a depreciable property that you owned at the end of the fiscal year, and is included in an eligible class

        • You used it throughout the fiscal year mainly in carrying on business in Yukon.

        • It was situated in Yukon at all, or substantially all, times in the fiscal year, unless it was cross-border transport equipment.

        Note : Some industrial assets are not eligible. Contact the Canada Revenue Agency for more information.

      2. Cross-Border : Whether the equipment is used in cross-border transport

        Use the keyword Cross-Border to indicate if the equipment used in cross-border transport.

        Cross-border transport equipment

        Cross-border transport equipment is an eligible Yukon asset if it meets either of the following conditions:

        • The partnership used it in the fiscal year mainly to transport passengers or goods between a place in Yukon and a place outside of Yukon.

        • The partnership elected to treat it as cross-border transport equipment.

      3. KM-OR-Fuel-Used : Mileage or fuel used by cross-border equipment while in Yukon

        Use the keyword KM-OR-Fuel-Used to enter the mileage or fuel used by cross-border equipment while in Yukon.

      4. Total-KM-OR-Fuel : Total mileage or fuel used by cross-border equipment

        Use the keyword Total-KM-OR-Fuel to enter the total mileage or fuel used by cross-border equipment.

    2. In the CapGain-Reserve group, pertaining to reserves eligible to the capital gains exemption on the Additional slip information form:

      1. Disp-Date.r : Date of disposition

        Use the keyword Disp-Date.r to enter the date of disposition.

    3. In the SR&EDProject group, pertaining to the T661 form:

      1. Overhead.p : Total overhead expenses of the SR&ED project [F758]

        Use the keyword Overhead.p to enter the total overhead expenditures of the SR&ED project in the current fiscal year.

  6. Deleted keywords

    1. In the SR&ED group, pertaining to the T661 form:

      1. CAP-EXP: Amount and classification of capital SR&ED expenditure

      2. ASSIST-CAP: SR&ED gov. assist. received (+) or repaid (-) [F429] [F431] [F432] [F445] [Q76] [Q58]

    2. In the Agreement group, pertaining to the T1145 form:

      1. CAPITAL.TS: Capital portion of the SR&ED agreed upon amount before 2014

  7. Deleted options

    1. For the keyword Payment.t , pertaining to the federal T661 form and the Quebec RD-222 form:

      Before Jan. 1, 2013

    2. For the keyword SR&ED-ITC , also pertaining to the T661 and RD-222 forms:

      SR&ED capital expenditures

    3. For the keyword Curr-Exp , also pertaining to the T661 and RD-222 forms:

      Lease costs before 2014 - 90% or more R&E use [F350] [Q35]
      Lease costs before 2014 - 50% R&D use (proxy) [F355] [Q37]

    4. For the keyword CAP-EXP, also deleted, also pertaining to the T661 and RD-222 forms:

      Presc. special purpose buildings before 2014 [F390] [Q48]
      Depr prop. excl. bldg, off. equip. before 2014 [F390] [Q48]
      Depr. prop. excl. bldgs. (trad.) before 2014 [F390] [Q47]
      Sale of SR&ED capital assets in pool [F440]
      First-term shared-use equipment [F504] before 2014
      Second-term shared-use equipment [F504] before 2014

  8. New diagnostics

    1. Notes and diagnostics

      Quebec

      • If foreign investment income is from three or more foreign countries, you must file a separate RL-15 slip for every two additional countries. Create an additional client for each additional RL-15 slip required.

      • If foreign business income is from three or more foreign countries, you must file a separate RL-15 slip for every two additional countries. Create an additional client for each additional RL-15 slip required.

      • If foreign rental income is from three or more foreign countries, you must file a separate RL-15 slip for every two additional countries. Create an additional client for each additional RL-15 slip required.

 

 

July 8, 2020